Markets

The e-commerce leader in Africa formalizes the appointment of Mrs Juliet Anammah at the head of Jumia Nigeria, Africa Internet Group’s (AIG) LAGOS, Nigeria, December 28, 2015/ — The e-commerce leader in Africa formalizes the appointment of Mrs Juliet Anammah at the head of Jumia Nigeria, Africa Internet Group’s (AIG) (https://www.Jumia.com.ng) biggest company on the […]

THE Federal Mortgage Bank of Nigeria, FMBN, is set to engage with the 774 local government areas in the country on how best the bank’s housing initiatives can be extended to them. Managing Director, FMBN, Mr Gimba Yaú Kumo, who disclosed this in an interview with a news portal, listed various ways of addressing the […]

Some marketers on Thursday expressed concern over the shutdown of all loading depots of the Pipelines Products Marketing Company (PPMC) in the South West due to activities of vandals. The marketers, who spoke to the News Agency of Nigeria (NAN) in Lagos on condition of anonymity, expressed worry as over 2,000 trucks from various states […]

The Comptroller-General of Customs, Col. Hameed Ali (rtd), has ordered that rice be removed from import restriction list and the re-introduction of import duty payment at land borders with immediate effect. The Public Relations Officer of customs, Mr Wale Adeniyi, disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in […]

A fresh feud may be brewing between the House of Representatives and the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. THISDAY, in the company of some select newspapers, learnt that the minister, who had employed the courts to quash a House probe into her alleged use of $10 billion to hire jets, may also use […]

The Nigerian Export-Import Bank (NEXIM Bank) has received a financial grant of $302,000 (about N60m) from the African Development Bank (AfDB) to further promote the establishment of a regional maritime company, the Sealink project which NEXIM Bank is at its forefront. The grant, which was released under the Nigerian Technical Cooperation Fund (NTCF) managed by […]

There are strong indications that despite the underlying oil price shock currently rocking the nation’s economy and the plunge in prices of stocks, Nigerian investors may be heading towards a regime of bumper harvests in some of the leading quoted companies in respect of the 2014 financial year. This is because the three listed companies […]

About 72 days after Round One of the case between the terminal operators, shipping companies and the Nigerian Shippers’ Council (NSC) on shipping charges was decided and won by the Ports Regulator, three Senior Advocates of Nigeria (SAN) appear to be battle-ready for the second stage, writes Francis Ugwoke For Olisa Agbakoba, Femi Atoyebi and […]

Crude oil prices at the weekend continued to climb for the third week in a row, with Light Brent crude, which had not settled above $60 since December 24, rising by $2.24 or 3.8 per cent to settle at $61.52 a barrel, marking the highest price at which it has been sold this year. Similarly, […]